Synovus Financial Corp. (NYSE:SNV) – Research analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Synovus Financial Corp. in a note issued to investors on Tuesday. Jefferies Group analyst C. Haire forecasts that the bank will post earnings per share of $0.75 for the quarter. Jefferies Group has a “Hold” rating and a $50.00 price objective on the stock.

SNV has been the topic of a number of other reports. Zacks Investment Research raised shares of Synovus Financial Corp. from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, September 12th. BidaskClub cut shares of Synovus Financial Corp. from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. ValuEngine raised shares of Synovus Financial Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Barclays PLC reaffirmed an “equal weight” rating and set a $46.00 target price (up previously from $44.00) on shares of Synovus Financial Corp. in a research note on Wednesday, July 12th. Finally, Stephens reaffirmed a “buy” rating and set a $46.00 target price on shares of Synovus Financial Corp. in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $43.60.

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Synovus Financial Corp. (NYSE:SNV) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. The business had revenue of $319.80 million for the quarter, compared to analyst estimates of $317.81 million. Synovus Financial Corp. had a return on equity of 9.88% and a net margin of 20.68%. Synovus Financial Corp.’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 EPS.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Thursday, September 21st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $0.60 annualized dividend and a dividend yield of 1.27%. Synovus Financial Corp.’s dividend payout ratio is currently 27.15%.

In other news, EVP Kevin Joseph Howard sold 7,000 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $43.37, for a total transaction of $303,590.00. Following the transaction, the executive vice president now owns 46,490 shares in the company, valued at $2,016,271.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Curtis J. Perry sold 7,062 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $43.86, for a total transaction of $309,739.32. Following the transaction, the executive vice president now owns 60,038 shares in the company, valued at approximately $2,633,266.68. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of SNV. UBS Asset Management Americas Inc. increased its position in shares of Synovus Financial Corp. by 16.5% during the first quarter. UBS Asset Management Americas Inc. now owns 75,968 shares of the bank’s stock worth $3,116,000 after acquiring an additional 10,737 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Synovus Financial Corp. by 30.2% during the first quarter. Parametric Portfolio Associates LLC now owns 171,116 shares of the bank’s stock worth $7,019,000 after acquiring an additional 39,736 shares in the last quarter. Stifel Financial Corp increased its position in shares of Synovus Financial Corp. by 18.6% during the first quarter. Stifel Financial Corp now owns 22,417 shares of the bank’s stock worth $925,000 after acquiring an additional 3,508 shares in the last quarter. AXA increased its position in shares of Synovus Financial Corp. by 3.2% during the first quarter. AXA now owns 38,600 shares of the bank’s stock worth $1,583,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Credit Agricole S A increased its position in shares of Synovus Financial Corp. by 102.3% during the first quarter. Credit Agricole S A now owns 11,220 shares of the bank’s stock worth $460,000 after acquiring an additional 5,674 shares in the last quarter. 77.87% of the stock is owned by institutional investors.

Synovus Financial Corp. Company Profile

Synovus Financial Corp. is a financial services company and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services, to its customers through locally branded banking divisions of its subsidiary bank, Synovus Bank (the Bank), and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee.

Earnings History and Estimates for Synovus Financial Corp. (NYSE:SNV)

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